Needham & Company Maintains a 'Hold' on UQM Technologies (UQM); It’s Just a Matter of Time
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Price: $1.71 --0%
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 2 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Hold' on UQM Technologies (NYSE: UQM).
Needham analyst says, "The fiscal 4Q11 results reflect the onset of a transition as the company is preparing for the commercialization of electric vehicle (EV) programs. In our view, its just a matter of time before the volume orders begin to flow-in for UQM Technologies from its major customers. We are taking a conservative stance at this time, as the uncertainty with orders is the basis for our Hold rating. However, we believe the company is well-positioned if/when customer demand accelerates." (Needham raises FY12 EPS estimate from (0.03) to $0.02)
For more ratings news on UQM Technologies click here and for the rating history of UQM Technologies click here.
Shares of UQM Technologies closed at $2.31 yesterday.
Needham analyst says, "The fiscal 4Q11 results reflect the onset of a transition as the company is preparing for the commercialization of electric vehicle (EV) programs. In our view, its just a matter of time before the volume orders begin to flow-in for UQM Technologies from its major customers. We are taking a conservative stance at this time, as the uncertainty with orders is the basis for our Hold rating. However, we believe the company is well-positioned if/when customer demand accelerates." (Needham raises FY12 EPS estimate from (0.03) to $0.02)
For more ratings news on UQM Technologies click here and for the rating history of UQM Technologies click here.
Shares of UQM Technologies closed at $2.31 yesterday.
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